leading economic indicators bleeding, bad news on upcoming healthcare premiums, and the dollar index --
Consumer Sentiment
https://www.democraticunderground.com/10143528951
These people clearly aren't buying the Trump economic narrative.
They are depressed enough as it is, without having to listen to "wokesters" yammering about hunger. (sarc)
There is a local peak right at the very start of 2025. Then it's been straight down except for a little recovery after the worst of the Liberation Day tariff fears (and after the corresponding stock market dive), and now it's heading back down again.
https://www.democraticunderground.com/10143528951#post4
There's also a 50 year version of the chart at https://www.sca.isr.umich.edu/files/chicsh.pdf for a longer perspective. It's very bleak -- we're at about the lowest level seen in the last 50 years, about matching the lows of 1980, and the 2022 peak-of-inflation low.
Other charts: https://www.sca.isr.umich.edu/charts.html
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To illustrate the power of inflation --
the August retail sales report showed a "strong", "robust", "hefty" 0.6% gain over July, but, after adjusting for purchasing power (inflation), it was only a 0.2% gain, but I didn't see that mentioned in the media (I only saw the 0.6% number and all three of those adjectives above in media reports).
https://finance.yahoo.com/news/retail-sales-show-us-consumer-spending-holds-up-but-almost-everyone-is-looking-for-deals-171632523.html
https://www.census.gov/retail/sales.html
It's not May anymore.
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Speaking of reports, this one is presumably being delayed, rather than terminated, but we shall see -
Bureau of Labor Statistics postpones key data report
The BLS said on Friday that the annual release of consumer expenditures data — initially set for Tuesday — would be "rescheduled to a later date." "We will update users when more information is available," the notice said.
https://www.democraticunderground.com/10143533340
Some additional excerpts:
https://www.democraticunderground.com/?com=view_post&forum=1014&pid=3533362
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Leading Economic Indicators fell more than expected in August
https://www.democraticunderground.com/?com=view_post&forum=1014&pid=3532601
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And on top of this, horrible news on healthcare premiums: (#1#) ACA (#2#) Employer-based
https://www.democraticunderground.com/?com=view_post&forum=1014&pid=3529609
Let's cut out all the negative reporting, shall we? (sarc)
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Dollar Index
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